On March 12,in the first of his radio-broadcast "fireside chats," the president:

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In his first radio-broadcast "fireside chat," the president assured the American people that it was safe to "keep your money in a reopened bank than under the mattress." This statement was made as a reassurance to the public who had lost faith in the banking system during the Great Depression. Although the president did take other measures to address the economic crisis, such as pushing through a bank bailout bill and requesting the Federal Reserve Board to lower interest rates, his assurance to the public was significant in restoring confidence in the banking system.

On March 12,in the First of His Radio-Broadcast "Fireside Chats